Alma C., age 30, buys and sells dressed chicken in her local community. Alma has been engaged in her business for over five years and earns approximately 10,000 PHP a month. She is from the village of Aplaya, Jasaan, Misamis Oriental. She and her husband have three school-aged children.
In 2008, Alma joined HSPFI to gain access to financial services. She wanted to help improve her living situation and ability to engage in business activities. Alma has successfully repaid a previous loan of 20,000 PHP from HSPFI. This previous loan was used to to purchase additional inventory and was employed as working capital. Alma is requesting a new loan of 25,000 PHP which will be used to purchase additional dressed chickens as well as hotdogs to offer for sale. This loan will be the seventh loan taken out by Alma from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
HSPFI is one of the accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches out to the poor households of northern Mindanao.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, we created this template for our field staff to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
About Hagdan Sa Pag-uswag Foundation, Inc.
Hagdan Sa Pag-uswag Foundation, Inc. (HSPFI) is a non-governmental development organization founded in 1987 to promote Christian values through microfinance services in the Philippines. It partners with Opportunity International and the Mindanao Microfinance Council among others, and offers a range of business and community development services, including savings and insurance programs in addition to lending.